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escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
ceiling, the house gop considering on raising the debt limit. we'll bring you more details and the senate judiciary committee, patrick leahy announced he'll be taking up issues of gun violence and immigration in the new term. republicans and democrats recently announced senate committee assignments and we'll talk about that as well. this afternoon the president kicked off the national day of service volunteering at a school here in the d.c. area. tomorrow he will take the oath of office in a private ceremony at noon. nbc's kristen welker is at the white house. nbc news senior political editor mark murray standing by with new insight from the new nbc news wall street journal poll. let me start with you. for folks who may not get this, a lot of folks wondering why is the president -- he's going to be sworn in on sunday and sworn in again on monday. what's the deal? >> reporter: well, craig, the reason is that the constitution states that the president has to be sworn in before noon on january 20th. january 20th falls on a sunday this year. it's the seventh time that happened in the nation's
coming up is the so-called debt ceiling -- something most americans hadn't even heard of before two years ago. i want to be clear about this. the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. if congressional republicans refuse to pay america's bills on time, social security checks and veterans' benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear material wouldn't get their paychecks. investors around the world will ask if the united states of america is, in fact, a safe bet. markets could go h
. the debt ceiling debate, a presidential report card, and a quiet market rally. what does it mean for your money? joining us now, jared bernstein and former chief economist to vice president biden. also with us is a chief investment strategist with blackrock. thank you so much for joining us. >> thanks for inviting us. >> thank you. >> russ, let me kick it off with you. friday, a pretty good rally. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people are nervous in december. they're coming back into stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling, obviously one of them. the second question is as we start to get january's economic data, how big of a hit do we have from the tax increases, the expiration, the payroll tax hold darks and what do those numbers, which may be a bit on the soft
more people care about that issue than the debt ceiling. >> bill: they get too full of themselves. the problem with the front row particularly the press corps is they represent different networks. they all want to talk about let's say, for example guns. they all want to be on camera asking the question about guns and it doesn't matter if somebody else has already asked the question five different times in five different ways, they're still going to ask it so they can get on camera. that's what's wrong with the press briefings. >> thank you very much for your tweet. >> if you go to the newseum web site and you look at what the country is talking about it is a rich quilt of different issues, different ideas that people around this country are discussing. and the washington press corps questions of one or two topics doesn't even big to cover -- begin to cover what reporters around this country are reporting on, talking about. that disconnect is really jarring, i think. >> bill: it is jarring. i remember as a reporter in los angeles and a comment tater in los angeles, covering preside
tough ahead of the next big fight with congress over the debt ceiling. >>> the president said vice president biden has presented him with a list of common sense steps to prevent gun violence. but the biggest question is how much of it the administration can actually get passed through the congress. >>> and watching last night's golden globes, one thing was clear to me, america once again feels good about itself. we've got a new sense of optimism, and the movies show it. >>> the latest attack on science by a republican member of the house science committee. what a strange name for that crowd. that's in the "sideshow" tonight. and this is "hardball," the place for politics. zzzquil™ sleep-aid. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great id
ceiling. the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the car. then to the reviewing stand and i am sure there is logic and reason and it has to do with the timing of it all but they are feet away. i could touch them. he will take the rest of the way by car. that is the vice president and the president. they will soon be in the reviewing stand. the former chairman of ubs america, a very, very important influential financial player for the obamas and kitchen cabinet type advisors on all things business community. very good to see you. thank you for coming. >> i have not seen you since election night. good to be on. chuck schumer said today the senate w
to a question of the debt ceiling in recognition of all of this economic-- all of these decisions have an impact on small businesses and the fact that we have gridlock in d.c.? do you want to see them work more with the president and try to get a solution as to maybe, the little less extreme than what the president wants or do you want them to dig their heels in the ground and fight it tooth and nail? >> and the principals, they have to understand they only control one third of the government and they have to work with the president to come to a resolution, and the first thing i'd like to see the senate pass a budget. senate hasn't passed a budget in over four years at this point. i think what's going to happen on the debt ceiling they're going to vote to extend the debt ceiling for a couple of months and that's good. we don't want to be in a situation where we're defaulting or the threat of default, but i think they need to tie that back to something and maybe it's not the big and grand bargain with the entitlement plans right now, but i think at a minimum they have to tie it back to getting a
that is a laggard. hewlett-packard, american express, a few of the names coming under the pressure. the debt ceiling remains in focus. it is earning season. let's take a look at facebook. it is up about three quarters of 1%. it certainly has gained over the last half hour. we are getting closer and closer to the launch time. come and see what we are building. there is speculation that remains. the anticipation remains. dagen: trying to strategize on how to rein in government spending. connell: rich edson with all the details. rich: a very busy legislative day. they are dealing with this handy appropriation bill. republicans are discussing a number of different options. there is a major house republicans of that. their annual retreat takes place on wednesday. >> when does this budget balance? here is when the budget gets to balance if we adhere to these cuts. rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit
to duke it out over the debt ceiling, one said we should get rid of it all together? does ben bernanke have a point? >> the nra releases a new target practice ap for kids as young as 4. >> we have a packed show for you this morning. mike thompson joins us and greg walden is our guest. the congressman and newly crowned miss america, mallory hagen will be joining us. tuesday, january 15th and starting point begins right now. . >>> welcome to starting point. after years and years of lying to the world, lance armstrong is finally coming clean. there report he's confessed to oprah winfrey and he used drugs to win his titles. sources say he is in talks to have some of the millions he was paid by the postal service to sponsor the tour. cnn's ed is live in austin, texas. let's talk about what he told oprah and what the next steps are for lance armstrong. >> the big question will be to what extent did he confess and how much detail is he going to offer? also from the standpoint of how did he offer it and what was the body language there? lance armstrong is an athlete who is vehement in his deni
are not a deadbeat nation. we have to pay our bills. is he winning this debt ceiling battle? i know you have written about this on slate. >> i think he is winning intel correct annually and emotional and probably politically with the public but it remains to be seen what congress is going to do. we haven't seen a lot of engagement with congress yet. the debt ceiling somewhere between february 15th and the end of february, early march. we don't know quite exactly where it will be. we don't know whether john boehner and the republican house will look him in the eye and say we are not doing anything. it's a mystery right now. >> in fact, politico reported this week over housealf of house republicans say they are willing to shut the government down if they don't get the spending cuts that they are demanding as a price for raising the debt ceiling. >> that is what they are saying. it's still far enough out so that it could all be posturing. even if i accept it -- and i do -- that half of the house members actually believe that as we get closer, as the pressure builds, c
between now and the time we deal with the debt ceiling, that we may very well be able to meet the goal which we set out to do, which is to have roughly a $4 trillion cut over ten years, and in the long-term deficit and put us on that path. but i didn't come here to talk about any of those important subjects today because, as important as they all are, today we have a more urgent and immediate call, and that is how to deal with the epidemic of gun violence in america. you all know the statistics very well so i'm not going to repeat them. on that score, i might add, oui an incredible debt of gratitude to many of you at the head table as well as those of you in the room. i know we don't have absolutely unanimity in this ballroom, nor do we in anyway ballroom, but we all know, everyone acknowledges, we have to do something. we have to act. i hope we're all agreed that there's a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the ones we witnessed in newton 34 days ago, cannot continue to be tolerated. that tragedy in all my yea
to face the tax issue, as well. it's not just raising the debt ceiling that he's going to have to deal with. but he's going to have to negotiate with the republicans and perhaps try to change the tax code. all of these things are things he's already signaled he wants to do. what's fascinating is that this is a president who wanted to be a domestic president in the last -- in his first term and he was saddled with an economic situation and two wars to deal with. now is a shot to be that domestic president and make some really big change. but he's going to have to work with republicans in the house in order to get big things accomplished. >> and clearly what he wants to do is have some influence on voters. and though the official announcement is expected today, we do know that obama for america is going to become this nonprofit supporting his agenda. what kind of influence could this have? >> well, i think if you're an obama supporter, you hope it has more influence than it did or what they tried to do during his first term. they talked a lot about this leveraging his campaign which ever
have gotten a hint on that when republicans said they would look at eight debt ceiling it ascension back ago, probably, three months. what do you make of that? don: they would be blamed, roundly, thoroughly if the country went into some kind of default. the strategy, as you have been reporting, has been to try to take this issue off the table and then fight the battle over spending cuts when you have a sequestration cuts scheduled to start march 1. the current resolution running the government also running out into her three months from now. as well as, the debt ceiling having to be raised yet again. republicans hope this is when they will be able to get the leverage to push spending cuts and entitlement reform. neil: you know, peter, what we look at -- how does that decide? there is a protocol. sitting in and around that i see ron emanuel sitting close to president clinton, how are those seats sold out? >> by protocol and tradition, all former presidents are invited, of course. both president bush, 41 and 43 the client to come. i believe president carter is not attending, but presi
warnings about the u.s. credit rating and the debate over the debt ceiling. why some think this could mean new hope for a minting a trillion dollar coin we could use to pay our bills. we thought that was settled. maybe not. and this high school principal is in hot water after trying to connect with students with a video that he says was meant to be a parody. we'll push play and you decide. and a reporter yesterday challenged the president about whether he's doing enough to reach out to republicans and trying to negotiate the big deal he says he's looking for. we'll show you his response and look at what that could mean for the gun debate, the debt ceiling and the rest. >> most people who know me know i'm a pretty friendly guy. and i like a good party. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. turn your world upside down with gillet
taxes or is there more to it. >> you look at every fight whether its fight over the debt ceiling, fight over guns, immigration, and you're going to see brutal fights. why? this is one of the most polarized congresses we've had in years. you have democrats and republicans who make up the majority occupying very conservative districts. there is very little political incentive for either party to come together and making a deal, and republicans bringing the nation to a government shut down may makes sense to them. >> john: you talked about how obama managed to drive a wedge between red state republicans and blue state republicans. is that what he's trying to do on the debt ceiling debate as well. >> you can the white house adopt a divide and conquer strategy for quite a bit of time. there are 85 house republicans who voted yes on the bill and created the margin it needed to pass. here's the interesting thing of those 85 republicans who voted yes. 70 of them came from blue states. states that voted for barack obama over mitt romney last november. in other words the white house is defending
conservatives for their debt ceiling hostage tactics. today it was the editors of the national review who said it was a bad idea. americans for prosperity, which is backed by, yes, the koch brothers, also said it was a bad idea. even newt gingrich, the rotund king of so many boad ideas, has said enough. >> in the end it's a threat they can't sustain. no one is going to defall. no one is going to allow the united states to not pay its bills. >> joining us now from washington is david corn, d.c. bureau chief for "mother jones" magazine and jared bernstein is a senior fellow at the center on budget and policy priorities. good afternoon to both of you. jared, if president obama were the one holding the debt ceiling hostage, right as the housing, auto, and retail sectors seem to be rebounding, wouldn't the house republicans be calling the president's tactics those of a socialist who wanted to bring down the american economy? >> i think they would, and i appreciate your bringing the economy into it. the president did that yesterday. the more we talk about the debt ceiling after obsessing over the fi
and they will be able to meg officiate on the debt ceiling. you about want to find a way out of getting boxed in on the debt ceiling themselves, believing a fight over funding the government is a much better political fight for their party. here's congresswoman marsha blackburn yesterday. >> i think there is a way to avoid default. if it requires shutting down certain portions of the government, let's look at that. >> yesterday the president sounded almost resign to the idea a government shutdown is probably coming up. >> if the republicans in congress made a decision they want to shouldn't down the government in order to get their way, then they have the -- votes at least in the house of representatives probably to do that. i think that would be a mistake. and it would be profoundly damaging to our economy. >> once again, what the white house was trying to signal on debt limit in government shutdown is this. they are not going the try to help republicans find a way out of it. they have to own debt limit and republican leaders know they need to move off of debt limit. they are trying to find
the debt ceiling for three months. what this bill will actually do is set a provision that if the senate does not pass that budget in three months then their pay checks would be withheld, so that's the enforcement mechanism. it actually doesn't require any promise that the senate do its budget. there's conceiveably still the thought that they could not do the budget and not get paid. host: so then the house would respond in kind? tell us a little bit then why use this as a mechanism? >> the strategy here is they are trying to go on offense again, because they had a brutal holiday stretch of sort of failed negotiating ploys and in-fighting and they are trying to turn the tables so people will talk about why went to democrats cut spending? one way they can do that is by talking about the fact that the senate hasn't passed a budget in four years. it's uplimited value there's a conventional wisdom that it's not that important but when the people in the country hear that the senate hasn't passed a budget which sounds like a basic failure of their duty and it's an effective talking point the r
tax-funded bailouts. period. >> years of spending under both parties add up and the debt ceiling talks of 2011 led to a budget attend off between democrats and republicans who took back control of the house of representatives in the midterms. >> is there a risk the united states could lose their aaa rating? yes-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple
, and for very good reason. if what they're say something we're not going to play debt ceiling leverage anymore, which has obviously been the president's position, that's good. my feeling is it's probably the latter. i think there are enough kind of economic grown-ups in the room to really control the folks who have threatened to use that kind of leverage. >> but the senate has not had a budget resolution pass through the senate in, what is it, four years now? >> april, 2009. >> that feels to me pretty shameful frankly. i don't know the politics and i'm not exactly sure why that's the case, but isn't that a critical step in bridging the gap and making progress on these issues where you can not go to these sort of extra legal things like using the debt ceiling as leverage, but you can use the process as it is intended to be used. >> i agree, and it's an interesting quid pro quo for the republicans to agree to the first three months of extension of the debt ceiling. >> and to hold their own pay hostage. we won't pay ourselves. >> even though i think the debt plays better outside and holds more le
the debt ceiling in a timely manner and providing more clarity on policies could actually generate a boost in confidence and open the door for faster growth in the second half of 2013. looking at the labor market, we see lackluster growth in 2013 wing on job creation. we actually see gains of slowing in the first half of 2013 before picking up. it is a little bit slower than in the 4 1/4 with the doctrines of around 50,000 per month. slower gdp growth is going to be driven, we think, by a consumer that is going to be hobbled by tax increases. we will remain positive in 2013 combined -- in 2013, but not appositive in consumer spending over the fourth quarter the second half will be particularly weighed down by less money in their paychecks. and we think as the year progresses, the strength of the housing market, the while the effects of the home price gains and perhaps to improvement in housing could lead to somewhat stronger consumer spending. we did see a 12% gain in housing starts this morning month over month. 37% year over year. these are strong numbers. we did see improvement in home
illustrate why we are going to have the big fights over the next couple of months to raise the debt ceiling and two-thirds of the republican caucuses voted for this. they want to send a message that they really, really needed it, that they want to cut spending for every doll they put out there, even on disaster relief, which historically has not been required to have an offset. >> and definitely has ruffled feathers in the last congress. all of our viewers i'm sure will rememb how new jersey governor chris christie didn't hold back in showing how angry he was at congress, the house, and specifically speaker boehner when the vote was delayed last time. listen to him. this is on january 2nd. >> new jersey deserves better than the due police tea we saw displayed last night. america deserves better than just another example of a government that has forgotten who is the to serve and why. 66 days and counting. shame on you. shame on congress. >> when you listen to that and when you listen to the house floor and sound bites before , s what you're saying why speaker boehner did what he did in the v
to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if you get into an accid
in the nation's $16.4 trillion debt ceiling due to expire in mid to late february. the nation's debt increased $5.8 trillion on mr. obama's watch. he's raised it four times, three in negotiations with congress. doesn't that suggest that we are going to go into a default situation because no one is talking to each other about how to resolve this? >> the fact of the matter is that we have never seen the debt ceiling used in this fashion where the notion was, you no he what? we might default unless we get 100% of what we want. that hasn't happened. >> reporter: house republicans like utah's jason chaffetz say the president is going to have to negotiate or preside over default. >> the president has to realize that republicans believe strongly you can't keep spending money the country doesn't have. >> reporter: though the showdown is at least six weeks out the president spoke gloomily of an economy. >> the republican in congress have two choices, act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will n
who said it's time to get rid of the debt ceiling. new york congressman jerry nadler is in the guest spot as we roll on for wednesday, january 16th. look what mommy is having. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differently. >>
as they share their thoughts on entitlement reform, the e erasing of the debt ceiling -- the raising of the debt ceiling and sequestration. this is just getting underway. [applause] >> well, good morning. thank you, raymond. and thanks to all of you for making it through the snow drifts. glad you all arrived safely. one flake of snow, and washington closes down. well, we're very excited about the new year. our partnership with the chamber and this morning's program featuring senators kent conrad and judd gregg. before we start our program, i'd like to recognize our sponsors, bdo represented by david trimner. if bdo could, please, stand and be recognized. [applause] all right. the broadmoor remitted by hover -- represented by lori meacham. lori, if you could -- [applause] and ceo update whose editor-in-chief is recovering from a bad case of the flu, so she is not here. bdo is the leader in accounting and consultancy services for associations, the broadmoor is the number one resort property for associations looking for a five-star meeting experience. i've got great memories, i remember my first ex
americans are still being held. the latest in minutes. >>> debt ceiling surprise. republicans retreat on their hard-line position. so why did they make the move and what does it mean for more budget talks? >>> new word today from college football star manti te'o. he tells one network whether he was part of the girlfriend hoax. >>> and a sign of the economy some atm machines will dispense something different in the near future. i guarantee you, though, it's still money. >>> good morning, everyone. welcome to "weekends with alex witt." ahead of the president's second inaugural, more in a moment. first what's happening out there. developing news from algeria. a twist. one confirm apgs of a dead american. the standoff in its fourth dap at the plant near the border with libya. military attempts to free the captive left that one american dead amoung an unknown number of others. five americans worked at that complex. two confirmed having escaped, two more held. algerian state tv said earlier, they helped release hundreds of other hostages. joining us like from the white house, kristen welker
. i mean, i think it would be, frankly, another disaster if republicans try to use the debt ceiling, to force dollar-for-dollar budget reductions. i don't see that as a winner for them, and i can't imagine at least the party establishment is now seeing that as a potential winner for them. i mean, you know, face it. the president won the election. and he laid out a program and a philosophy, and he won the election on it. and i think as long as republicans are going to take the stance that he didn't win and that, in fact, they won and therefore they get to do things their way, i don't think -- i don't see how that's going to help them get out of that 14% hole. >> eugene, nbc.com had a very interesting way of putting it this morning, a very nice tag which is that what the electorate is looking for right now is not so much hope but a president who can cope. it's all about coping, not so much hoping. do you think that this kind of poll suggests that he is going to be able to deliver on that message of coping? >> well, you know, first of all, i think that's right. i think that, you know,
cliff and onto the very important debate over whether and how and when to raise the debt ceiling, these are, it is a time of high tension. these are not people who get together often when. they do it is not easy, but everyone is playing a role today of high ceremony and giving it respect that it deserves. president obama is clearly, in a relaxed mood, enjoying, enjoying this, this occasion. you could see when he left to go back inside the capitol, i thought it was interesting to look a last look at the sea bodies down the mall and sort of drinking it in. it was interesting. he knows he has a few hours before it becomes the grueling combat again of governing and moving on to his ambitious agenda. shepard: certainly is ambitious is. wendell goler, it will be a tall hill to climb. first the matter of the signing of his choice for secretary of state and the rest. if you would, take us through that. >> reporter: caught us off-guard, shepard. we had to reach out and find out exactly what he was doing. that wasn't part of the usual inaugural ceremony. but as he has just taken the office
this looming fight over the debt ceiling. our chief white house correspondent, chuck todd, was part of the questioning. he joins us from there tonight. chuck, good evening. >> reporter: good evening, brian. as you mentioned, vice president biden formally gave the president the gun violence task force recommendation that he was charged with getting. and while the president said he's formally going to unveil what his proposals are going to be, he did say today that if congress doesn't act at this news conference, he's willing to do it himself. during the hour-long press conference, president obama said he wants stronger background checks and limits on assault weapons and ammunition. but acknowledged the difficult politics. >> those are things i continue to believe make sense. will all of them get through this congress? i don't know. >> reporter: and he said administrative action, such as backtracking guns used by criminals are things he may be able to do right away. >> i'm confident that there are some steps we can take that don't require legislation. >> reporter: but gun control was
called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position unreasonable here. >> pelley: speaker john boehner said the republican-controlled house will pass what he called "responsible legislation." but he said the american people do not support raising the debt ceiling without cutting government spending. we have learned tonight that former cycling champion lance armstrong is in discussions to return a part of the millions of dollars that his team received from the u.s. postal service. and he has indicated a willingness to testify against others involved in illegal doping. armstrong's u.s. postal sponsorship prohibited doping. last year armstrong was stripped of his titles after an investigation found systemic drug use on th
up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budg
to get a change of men , maybe we should bring them to talk about the debt ceiling. >> gregg: they are so good at everything. they do have a tendency to get the silk stockings over the least things. remember when we changed from french-fries to freedom fries and they got upset and then disney world and big macgs? >> this is an important issue. we do have things to worry about like unemployment and debt ceiling, but this is big. basically what was happening it was on the menu. it said champagne and champagne technically comes from a part of france. >> gregg: a region of france. >> right and the lobbyists went crazy over this. u.s. law says as long as you show the origin of the grapes it's already but they put california on the right side and on the left side -- >> only the french would get upset about that. >> gregg: the problem is there is too many lobbyists in washington. we put on green room on this. it's astonishing. there are 12,051 lobbyists that are actively lobbying. >> $3.3 billion in one year. >> gregg: i didn't do that. if you do the math, 22 lobbyists for every single member of
unemployment and debt ceiling, but this is big. basically what was happening it was on the menu. it said champagne and champagne technically comes from a part of france. >> gregg: a region of france. >> right and the lobbyists went crazy over this. u.s. law says as long as you show the origin of the grapes it's already but they put california on the right side and on the left side -- >> only the french would get upset about that. >> gregg: the problem is there is too many lobbyists in washington. we put on green room on this. it's astonishing. there are 12,051 lobbyists that are actively lobbying. >> $3.3 billion in one year. >> gregg: i didn't do that. if you do the math, 22 lobbyists for every single member of congress? >> yes. >> gregg: there 22 to one in lobbyists. >> there are a lot of lobbyists. >> gregg: there is a lot of influence peddling going on in washington, d.c. >> to me this champagne issue popped my cork. >> gregg: they ought to switch to martinis? >> i think they would all be happier, champagne does not get to that level. >> gregg: it gives you such a headache afterwards
of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have you nan hit in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public in a way i have never see
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